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U.S. GDP revised to 4.1 % in the second-quarter

GDP, U.S. Economy



The third and final government estimate of second-quarter GDP, shows that the nations output has accelerated in the second-quarter, as the U.S. trade balance improves.
In the second-quarter Gross domestic product soared by 4.1 % to $19,960 billions, an increase from $19,754 billions in the first-quarter on the seasonally adjusted basis, reported by the Commerce Department. Improving foreign trade in the second-quarter was one of the major contributor to the GDP growth.
A slew of recent economic data point to continued economic strength during the second-quarter, Economists continue to debate whether the economy could maintain its current pace of growth.
The revised GDP data showed strong gains registered by consumers in spending and income, which were revised higher than in the previous quarter. Salaries and Worker wages grew by 1.39 % quarterly.
U.S. Gross National Product grew by 2.8 % over the past 12 months, led by growth in consumer spending and exports.


In the second-quarter consumer spending grew by 4.0 %
With estimated annual rate of $13,877 billions, seasonally adjusted in the first-quarter, consumer spending accounts for 69.24 % of economic activity on the seasonally adjusted basis, helped by improving consumption in food service industry.
Spending on U.S. made Goods increased by 4.2 %, where consumption of Durable Goods grew by 9.3 %, driven by higher sales of furniture and household equipment.
Growth in nondurable goods of 3.1 %, was driven by higher clothing and shoes sales, up 2.23 %.
U.S. Sevice sector grew faster than gross national product by 5.9 %, helped by improving consumption in food service industry. Consumer spending for services accounts for 69.76% of total speding and 47.62% of total GDP.

Final sales for domestic product, considered a measure of domestic demand because it excludes inventories and trade, jumped at a 3.9 % rate in the second-quarter after rising 2.0 % in the first-quarter.

This is the third and final revision in the government's estimate of second-quarter growth in goods and services. The government provides three estimates of economic growth each reflecting more complete information than the previous one.






More on U.S. Real Gross Domestic Product

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Contributions to Percent Change in Real GDP
2.69% -0.06% 0.37% 1.04%
 
 
   Government Consumption
Government consumption expenditure and gross investment surged by 2.10 %, federal spending rose 3.50 %, including an 5.50 % rise in national defense spending. Government spending on national defense accounts for 3.78 % of total nation's output and 22.05 % of total government spending.

 

    International Trade    Diversified
Investments decreased by -0.50 % to $3,576 billions, despite the increase in Gross national product in second-quarter on the seasonally adjusted basis, reported by the Commerce Department.
Liquidation of inventory from April-through-June acted as a major drag on growth, but that liquidation will set the stage for stronger growth later after companies have brought supply back in line with demand.



Exports increased 9.30 % in the second-quarter, after having risen 3.60 % in the first-quarter. Imports fell 0.50 %, a reversal from the first-quarter's 3.20 % growth. Net exports contributed 1.04 of a percentage points to growth.


A potential obstacle to higher growth, however, are waning corporate profits, which grew only 1.79 % quarterly, led by Utilities.


Relation of U.S. GDP, U.S. GNP
Corporate Profits by Industry
   




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Quarters seasonally adjusted
(At annual rates Q / Q, in %)
II Quarter
2018
final
I Quarter
2018
rev.
IV Quarter
2017
adv.
III Quarter
2017
final
II Quarter
2017
rev.
I Quarter
2017
adv.
Gross domestic product (GDP)
4.1 % 2 % 2.9 % 3.2 % 3.1 % 1.4 %
  Personal consumption expenditures
4 % 0.9 % 4 % 2.2 % 3.3 % 1.1 %
    Goods
4.2 % 0.5 % 4.8 % 2.3 % 4.2 % 1.6 %
    Durable goods
9.3 % -2.1 % 13.7 % 8.6 % 7.6 % -1.6 %
    Nondurable goods
3.1 % 1.5 % 2.3 % 1.1 % 2.3 % 1.4 %
    Services
5.9 % -0.4 % 7.8 % 4.5 % 5.4 % 0.5 %
             
  Gross private domestic investment
-0.5 % 7.5 % 4.7 % 7.3 % 3.9 % 3.7 %
    Fixed investment
5.4 % 7.6 % 8.2 % 2.4 % 3.2 % 11 %
    Nonresidential
7.3 % 10.4 % 6.8 % 4.7 % 6.7 % 10.4 %
    Structures
13.3 % 16.2 % 6.3 % -7 % 7 % 22.6 %
    Equipment & software
3.9 % 5.8 % 11.6 % 10.8 % 8.8 % 7.8 %
    Residential
-1.1 % -1.1 % 12.8 % -4.7 % -7.3 % 13 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
9.3 % 3.6 % 7 % 2.1 % 3.5 % 7 %
      Goods
13.3 % 3.4 % 11.6 % 1.8 % 2.2 % 10.5 %
      Services
1.9 % 4 % -1.4 % 2.5 % 6.2 % 0.7 %
    Imports
0.5 % 3.2 % 14.1 % -0.7 % 1.5 % 4 %
      Goods
1 % 2.6 % 17.3 % -0.2 % 1.3 % 4.4 %
      Services
-1.9 % 5.9 % 1.1 % -2.6 % 2.2 % 2.4 %
             
Govt. consumption exp. & gross investment
2.1 % 1.3 % 3 % 0.7 % -0.2 % -0.9 %
    Federal
3.5 % 1.7 % 3.2 % 1.3 % 1.9 % -2 %
    National defense
5.5 % 1.8 % 5.5 % 2.4 % 4.7 % -3.9 %
    Nondefense
0.6 % 1.6 % -0.1 % -0.2 % -1.9 % 0.7 %
    State & local
1.4 % 1 % 2.9 % 0.2 % -1.5 % -0.2 %
             
Addenda:            
  Final sales of domestic product
3.9 % 2 % 3.4 % 2.4 % 2.9 % 2.6 %
  Gross domestic purchases
4.3 % 2 % 4 % 2.7 % 2.8 % 1.2 %
  Final sales to domestic purchasers
- % 2 % 4.5 % 1.9 % 2.7 % 2.3 %
  Gross national product (GNP)
- % 1.9 % 2.7 % 3.7 % 2.8 % 1.1 %
  Disposable personal income
2.6 % 3.6 % 1.1 % 0.5 % 3.3 % 1.7 %
             
Current-dollar measures:            
  GDP
7.4 % 4.2 % 5.3 % 5.3 % 4.1 % 3.4 %
  Final sales of domestic product
- % 2.1 % 4.8 % 2.2 % 3.3 % 2.9 %
  Gross domestic purchases
4.3 % 2 % 4 % 2.7 % 2.8 % 1.2 %
  Final sales to domestic purchasers
- % 2 % 4.5 % 1.9 % 2.7 % 2.3 %
  GNP
- % 1.9 % 2.7 % 3.7 % 2.8 % 1.1 %
  Disposable personal income
2.6 % 3.6 % 1.1 % 0.5 % 3.3 % 1.7 %
             





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Quarters seasonally adjusted
(Quarterly Y / Y, in %)
II Quarter
2018
final
I Quarter
2018
rev.
IV Quarter
2017
adv.
III Quarter
2017
final
II Quarter
2017
rev.
I Quarter
2017
adv.
Gross domestic product (GDP)
2.8 % 2.6 % 2.6 % 2.3 % 2.2 % 2.1 %
  Personal consumption expenditures
2.7 % 2.4 % 2.8 % 2.6 % 2.7 % 3 %
    Goods
2.6 % 2.6 % 3.1 % 2.4 % 2 % 2.5 %
    Durable goods
6.8 % 6.6 % 7.3 % 6.1 % 6.8 % 7.7 %
    Nondurable goods
2 % 1.7 % 2.1 % 2.1 % 2.3 % 2.4 %
    Services
4 % 3.9 % 4.5 % 3.7 % 3.6 % 4.2 %
             
  Gross private domestic investment
4.6 % 6.2 % 3.6 % 4.6 % 3.3 % 1.9 %
    Fixed investment
5.5 % 5.2 % 5.4 % 3.8 % 3.7 % 3.1 %
    Nonresidential
6.7 % 6.7 % 6.3 % 4.6 % 4.4 % 3.3 %
    Structures
5.4 % 3.1 % 5 % 2.9 % 8.1 % 7.1 %
    Equipment & software
8 % 9.5 % 8.9 % 6.3 % 3.1 % 0.5 %
    Residential
1.4 % 0.2 % 2.6 % 1.2 % 1.5 % 2.3 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
5.7 % 4.3 % 5 % 2.2 % 3.3 % 3.4 %
      Goods
7.2 % 5 % 6.5 % 2.7 % 4.3 % 4.7 %
      Services
2.8 % 3 % 2 % 1.3 % 1.4 % 1.1 %
    Imports
4.4 % 5 % 4.7 % 3.1 % 4.1 % 3.8 %
      Goods
4.9 % 5.2 % 5.5 % 3.6 % 4.1 % 3.9 %
      Services
2.5 % 3.8 % 0.8 % 1.2 % 4 % 3.4 %
             
Govt. consumption exp. & gross investment
1.2 % 0.7 % 0.7 % -0.1 % -0.1 % -0.4 %
    Federal
2.2 % 1.9 % 1 % 0.1 % 0.1 % -0.3 %
    National defense
2.1 % 2.1 % 2.3 % 0.1 % 0.1 % -2.2 %
    Nondefense
2.4 % 1.7 % -0.9 % - % 0.2 % 2.4 %
    State & local
0.7 % - % 0.5 % -0.1 % -0.2 % -0.5 %
             
Addenda:            
  Final sales of domestic product
3 % 2.4 % 2.9 % 2.2 % 2.3 % 2.3 %
  Gross domestic purchases
2.7 % 2.7 % 2.6 % 2.5 % 2.3 % 2.2 %
  Final sales to domestic purchasers
3 % 2.4 % 2.9 % 2.2 % 2.3 % 2.3 %
  Gross national product (GNP)
- % 2.7 % 2.5 % 2.4 % 2.2 % 2.4 %
  Disposable personal income
2.9 % 2.8 % 1.8 % 1 % 1.2 % 1.8 %
             
Current-dollar measures:            
  GDP
- % - % - % - % - % - %
  Final sales of domestic product
- % - % - % - % - % - %
  Gross domestic purchases
- % - % - % - % - % - %
  Final sales to domestic purchasers
- % - % - % - % - % - %
  GNP
- % - % - % - % - % - %
  Disposable personal income
- % - % - % - % - % - %
             



U.S. Real Gross Domestic Product and Related Measures

GDP, U.S. Economy in Billions of U.S. dollars




Quarters seasonally adjusted
(At annual rates, in Billions of Dollars)
II Q. 2018

final
I Q. 2018

rev.
IV Q. 2017

adv.
III Q. 2017

final
II Q. 2017

rev.
I Q. 2017

adv.
Gross domestic product (GDP)
20,402.5 20,041.0 19,754.1 19,500.6 19,250.0 19,027.1
  Personal consumption expenditures
13,877.2 13,679.6 13,654.3 13,429.1 13,307.0 13,120.4
    Goods
4,334.1 4,267.7 4,401.8 4,301.4 4,247.2 4,220.6
     Durable goods
1,461.6 1,434.5 1,517.8 1,477.6 1,456.6 1,438.9
       Motor vehicles & parts
507.5 498.5 519.8 497.8 486.3 481.4
       Furniture & household equipment
332.0 324.1 346.8 339.1 335.9 321.9
       Other
230.2 223.4 237.9 234.5 228.6 222.9
               
     Nondurable goods
2,872.5 2,833.2 2,884.0 2,823.8 2,790.6 2,781.7
       Food off-premises consumption
997.3 988.3 955.3 939.1 930.8 938.0
       Clothing & shoes
394.1 385.5 405.5 399.8 399.5 382.2
       Gasoline, fuel, oil & other energy goods
345.9 340.6 327.5 296.0 286.5 307.2
       Other
1,135.1 1,118.8 1,195.7 1,188.8 1,173.7 1,154.4
               
    Services
9,543.2 9,411.9 9,252.5 9,127.7 9,059.8 8,899.8
      Housing
9,114.5 8,992.5 8,870.0 8,755.2 8,683.1 8,534.7
      Food services
938.7 914.2 888.8 879.5 873.8 873.6
      Electricity & gas
2,548.9 2,515.6 2,476.5 2,443.2 2,425.8 2,379.5
      Financial services
1,115.8 1,102.5 1,085.2 1,060.2 1,047.1 995.3
      Transportation
455.6 450.1 412.2 404.4 406.1 381.8
      Medical care
2,361.6 2,331.0 2,299.3 2,271.7 2,241.9 2,256.4
      Recreation
553.9 549.0 522.6 520.8 515.7 502.9
      Other
1,140.0 1,130.1 1,185.4 1,175.3 1,172.7 1,145.3
               
  Gross private domestic investment
3,575.9 3,543.8 3,295.3 3,249.2 3,178.1 3,139.5
    Fixed investment
3,581.9 3,507.4 3,279.2 3,207.3 3,173.3 3,139.6
      Nonresidential
2,782.5 2,720.3 2,513.0 2,468.4 2,433.6 2,389.1
      Structures
641.5 614.9 570.3 559.0 563.0 530.9
      Equipment & software
1,227.0 1,212.6 1,142.5 1,111.0 1,082.3 1,074.8
      Information processing equipment & software
411.8 401.9 334.7 327.7 319.3 333.0
      Computers & peripheral equipment
83.5 82.7 79.2 84.9 80.1 77.5
      Software
376.6 370.3 373.2 375.9 370.6 347.6
      Other
454.0 439.7 255.5 242.8 239.2 255.5
      Industrial equipment
242.1 243.9 250.6 246.7 241.7 233.7
      Transportation equipment
301.6 300.7 302.4 292.8 283.5 293.1
      Other equipment
271.5 266.1 254.8 243.8 237.8 215.0
      Residential
799.4 787.2 766.2 738.9 739.7 750.5
               
    Change in private inventories
-6.0 36.3 16.0 41.9 4.9 -0.1
      Farm
-2.1 -1.9 3.5 3.4 0.3 -7.6
      Nonfarm
-3.9 38.2 12.5 38.5 4.6 7.5
               
 Net exports of goods & services
-552.4 -639.2 -602.0 -534.1 -567.2 -562.8
    Exports
2,568.9 2,477.4 2,419.6 2,345.9 2,314.9 2,319.4
      Goods
1,705.6 1,628.1 1,607.4 1,544.1 1,520.9 1,524.5
      Services
863.2 849.3 812.2 801.8 794.0 794.9
               
    Imports
3,121.3 3,116.6 3,021.6 2,880.1 2,882.1 2,882.2
      Goods
2,539.2 2,537.1 2,478.6 2,345.2 2,350.3 2,362.2
      Services
582.1 579.4 543.0 534.8 531.9 520.1
               
 Govt. consumption exp. & investment
3,501.8 3,456.8 3,406.6 3,356.5 3,332.1 3,330.1
    Federal
1,312.5 1,294.8 1,278.9 1,263.5 1,255.8 1,260.3
      National defense
772.0 759.0 759.4 746.7 741.4 732.1
        Consumption expenditures
618.2 606.6 598.5 590.1 584.7 583.9
        Gross investment
153.8 152.4 160.9 156.5 156.6 148.2
      Nondefense
540.5 527.8 519.5 516.9 514.5 528.2
        Consumption expenditures
409.9 406.0 392.9 391.0 386.1 402.6
        Gross investment
130.6 129.8 126.5 125.9 128.4 125.7
    State and local
394.1 2,162.0 2,127.7 2,092.9 2,076.2 2,069.8
      Consumption expenditures
1,801.4 1,784.4 1,780.8 1,759.8 1,743.7 1,717.1
      Gross investment
387.8 377.6 346.9 333.1 332.5 352.6
               
Addenda:            
Final sales of domestic product
20,408.5 20,004.7 19,738.1 19,458.7 19,245.2 19,027.2
Gross domestic purchases
20,954.9 20,680.2 20,356.1 20,034.8 19,817.2 19,589.9
Final sales to domestic purchasers
17,459.1 17,187.0 19,738.1 19,458.7 19,245.2 19,027.2
Gross national product
- 20,309.8 19,976.4 19,728.9 19,452.4 19,255.5
Net domestic product
17,150.3 16,837.6 16,674.1 16,448.5 16,229.3 16,056.6



Annual U.S. Real Gross Domestic Product and Related Measures




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Quarters seasonally adjusted
(At annual rates Q / Q, in %)
2017

2016

2015

2014

2013

2012

Gross domestic product (GDP)
2.3 % 1.5 % 2.6 % 2.4 % 2.2 % 2.8 %
  Personal consumption expenditures
2.8 % 2.7 % 3.2 % 2.5 % 2.4 % 2.2 %
    Goods
2.4 % 2.8 % 2.6 % 1.8 % 1.9 % 1.4 %
    Durable goods
3.9 % 3.7 % 4 % 6.9 % 6.7 % 7.7 %
    Nondurable goods
2.2 % 2.3 % 2.8 % 2.1 % 1.9 % 1.6 %
    Services
3.3 % -1.6 % 5 % 3.4 % 3.4 % 3.3 %
             
  Gross private domestic investment
6.7 % 5.5 % 6.9 % 5.8 % 4.9 % 9.5 %
    Fixed investment
4.7 % -0.6 % 2.1 % 5.3 % 4.7 % 8.3 %
    Nonresidential
5.6 % -4.1 % -4.4 % 6.3 % 3 % 7.3 %
    Structures
4.8 % -3.4 % 3.5 % 8.2 % -0.5 % 12.7 %
    Equipment & software
3.9 % 6.3 % 4.8 % 6.4 % 4.6 % 7.6 %
    Residential
1.8 % 5.5 % 11.7 % 4.8 % 3.4 % 3.4 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
3.4 % -0.3 % 0.1 % 3.2 % 3 % 3.5 %
      Goods
4.5 % 0.3 % -0.6 % 4 % 2.8 % 3.8 %
      Services
1.3 % -1.5 % 1.6 % 1.4 % 3.6 % 3 %
    Imports
4 % 1.3 % 4.6 % 4 % 1.1 % 2.2 %
      Goods
4.3 % 0.9 % 4.9 % 4.1 % 0.9 % 2.1 %
      Services
2.5 % 3.1 % 2.9 % 3.6 % 2.2 % 2.7 %
             
Govt. consumption exp. & gross investment
0.1 % 0.8 % 1.8 % -0.2 % -2 % -1.4 %
    Federal
0.2 % - % - % -1.9 % -5.7 % -3.2 %
    National defense
0.2 % -0.7 % -2.1 % -2.1 % -6.6 % 1.8 %
    Nondefense
0.1 % 1.2 % 3.3 % -1.5 % -4.1 % -0.7 %
    State & local
0.1 % 1.2 % 2.9 % 1 % 0.5 % -0.7 %
             
Addenda:            
  Final sales of domestic product
2.4 % 1.9 % 2.4 % 2.3 % 2.2 % 2.6 %
  Gross domestic purchases
2.4 % 1.7 % 3.2 % 2.5 % 1.9 % 2.6 %
  Final sales to domestic purchasers
2.5 % 2.1 % 3.1 % 2.5 % 1.9 % 2.4 %
  Gross national product (GNP)
2.3 % 1.4 % 2.3 % 2.3 % 2.2 % 2.5 %
  Disposable personal income
1.2 % 1.4 % 3.5 % 2.5 % 2.2 % 2.7 %
             
Current-dollar measures:            
  GDP
4.1 % 2.8 % 3.7 % 3.9 % - % 4.6 %
  Final sales of domestic product
3.5 % 2.1 % 3.6 % 3.9 % 3.7 % 4.4 %
  Gross domestic purchases
3.8 % 2.5 % 3.7 % 3.9 % 3.7 % 4.3 %
  Final sales to domestic purchasers
4.7 % 3.5 % 3.8 % 3.9 % - % 4.1 %
  GNP
4.2 % 2.7 % 3.4 % 3.7 % 3.2 % 4.3 %
  Disposable personal income
2.9 % 2.6 % 3.8 % 3.8 % 3.7 % 4.4 %
             





Annual U.S. GDP
(In Billions of Dollars)
2017

 
2016

 
2015

 
2014

 
2013

 
2012

 
Gross domestic product (GDP)
19,390.6 18,624.5 18,036.6 17,418.9 16,799.7 16,244.6
  Personal consumption expenditures
13,395.5 12,820.7 12,283.7 11,930.3 11,501.5 11,149.6
    Goods
4,295.3 4,121.4 4,012.1 3,968.7 3,885.9 3,769.7
     Durable goods
1,473.8 1,411.0 1,355.2 1,302.5 1,263.0 1,202.7
       Motor vehicles & parts
498.2 480.8 464.8 447.8 424.5 401.7
       Furniture & household equipment
338.7 325.2 305.1 287.5 285.8 275.1
       Other
405.8 385.5 376.6 205.5 205.0 191.3
               
     Nondurable goods
2,821.5 2,710.4 2,656.9 2,666.2 2,622.9 2,567.0
       Food off-premises consumption
937.7 915.1 900.7 888.6 884.0 863.3
       Clothing & shoes
400.2 393.7 379.5 365.4 362.7 354.6
       Gasoline, fuel, oil & other energy goods
304.1 273.7 303.7 398.3 408.7 417.0
       Other
1,172.8 1,126.1 1,076.9 1,013.9 967.5 932.1
               
    Services
9,100.2 8,699.3 8,271.6 7,961.7 7,615.7 7,379.9
      Housing
8,723.3 8,340.4 7,943.7 7,633.7 7,326.2 7,089.4
      Food services
878.2 849.2 808.8 755.5 736.5 701.7
      Electricity & gas
3,197.2 3,022.1 2,963.2 2,166.0 2,082.5 2,013.9
      Financial services
1,054.6 984.7 921.1 885.1 849.2 821.0
      Transportation
406.6 392.5 368.4 344.9 324.3 318.1
      Medical care
2,259.9 2,163.7 2,069.0 1,997.2 1,918.6 1,847.6
      Recreation
518.0 492.6 466.3 444.6 427.2 416.6
      Other
1,172.8 1,126.1 1,076.9 1,040.4 987.9 970.4
               
  Gross private domestic investment
3,212.8 3,057.2 3,056.6 2,851.6 2,670.0 2,475.2
    Fixed investment
3,197.2 3,022.1 2,963.2 2,769.6 2,564.0 2,409.1
      Nonresidential
2,449.6 2,316.3 2,311.3 2,210.5 2,047.1 1,970.0
      Structures
560.2 516.2 507.3 506.9 456.4 437.3
      Equipment & software
1,098.4 1,043.9 1,086.1 1,017.3 939.7 907.6
      Information processing equipment & software
323.1 303.9 314.3 294.1 290.1 284.5
      Computers & peripheral equipment
79.2 73.1 78.5 75.7 77.9 79.2
      Software
243.9 230.8 235.8 304.9 294.4 281.6
      Other
243.9 230.8 235.8 218.4 212.2 205.4
      Industrial equipment
243.3 225.0 220.9 238.6 202.8 195.3
      Transportation equipment
290.3 286.7 308.1 257.6 218.9 214.4
      Other equipment
241.6 228.3 242.9 227.0 227.9 213.4
      Residential
747.6 705.9 651.9 559.1 516.9 439.2
               
    Change in private inventories
15.7 35.1 93.4 82.0 106.1 66.1
      Farm
2.4 -0.6 -2.0 7.9 40.4 -11.7
      Nonfarm
13.2 35.7 95.4 74.1 65.7 77.8
               
 Net exports of goods & services
-571.6 -521.2 -522.0 -538.2 -497.3 -547.2
    Exports
2,344.0 2,214.6 2,264.3 2,337.0 2,259.9 2,195.9
      Goods
1,546.8 1,446.0 1,498.4 1,614.7 1,567.0 1,536.0
      Services
797.1 768.5 765.9 722.2 692.9 659.9
               
    Imports
2,915.6 2,735.8 2,786.3 2,875.2 2,757.2 2,743.1
      Goods
2,381.8 2,224.2 2,291.1 2,385.5 2,296.0 2,295.4
      Services
533.8 511.6 495.2 489.7 461.2 447.7
               
 Govt. consumption exp. & investment
3,353.8 3,267.8 3,218.3 3,175.2 3,125.5 3,167.0
    Federal
1,260.7 1,231.5 1,225.0 1,219.2 1,245.9 1,295.7
      National defense
744.4 728.9 732.0 761.5 770.7 817.1
        Consumption expenditures
588.7 585.2 590.6 618.9 612.0 652.0
        Gross investment
155.7 143.7 141.3 142.6 158.7 165.1
      Nondefense
516.2 502.6 493.0 457.6 475.1 478.6
        Consumption expenditures
389.1 379.4 373.1 346.3 359.0 359.7
        Gross investment
127.2 123.3 119.9 111.3 116.1 118.9
    State and local
2,093.2 2,036.3 1,993.3 1,956.1 1,879.6 1,871.3
      Consumption expenditures
1,754.4 1,693.6 1,641.2 1,620.4 1,548.1 1,536.4
      Gross investment
338.8 342.7 352.2 335.7 331.5 334.9
               
Addenda:            
Final sales of domestic product
19,374.9 18,589.4 17,943.3 17,336.9 16,693.7 16,178.5
Gross domestic purchases
19,962.2 19,145.7 18,558.6 17,957.2 17,297.0 16,791.8
Final sales to domestic purchasers
19,946.5 19,110.6 18,465.2 17,875.1 17,191.0 16,725.7
Gross national product
16,592.7 15,842.8 15,246.9 17,630.6 17,057.5 16,497.4
Net domestic product
19,390.6 18,624.5 18,036.6 14,682.7 14,153.2 13,701.7




Next U.S. GDP report is expected on February 25, 2121.
Source: Department of Commerce, BEA.gov


     
       
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